Energy Chamber, analyst welcome BP’s Manakin move
Business
Finance
August 12, 2026
Share this article
Click to view full size
The Energy Chamber of T&T has welcomed BP’s decision to assign a 20 per cent stake in the Manakin block to the National Gas Company (NGC), describing the move as an important step forward for the development of the cross-border Cocuina-Manakin gas field and for this country’s long-term energy security.
The transaction gives NGC an equity position across the entire unitised Cocuina-Manakin field for the first time, the chamber said in a release yesterday.
While NGC already held a 20 per cent interest in the Venezuelan Cocuina section after receiving a 20-year licence from Venezuela in July 2024, it previously had no ownership stake in the Manakin block, which lies on the T&T side of the maritime boundary and is operated by bp.
Business
Finance
Need the bigger picture?
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
